IPO Disasters…Orient Green @ Rs 14 & Tirupati Inks @ Rs 8 ! …A 10 Month countdown to Blast off!…10,9,8,7,6,5,4,3….down 70% +

IPO Disasters…Orient Green @ Rs 14 & Tirupati Inks @ Rs 8 ! …A 10 Month countdown to Blast Off!…10,9,8,7,6,5,4,3….down 70% +

IPO Scrip

BSE Code

Listing

Issue Size

Rs Crs

IPO Price

Rs

Current Price

Rs

Market Cap

Rs Crs

Volumes

% Erosion from Issue Price

Orient Green

533263

8/10/2010

900

47

14

658

@4 lakh shares

70

Tirupati Inks

533258

1/10/2010

51.50

43

7.80

11.9

A Few thousand

82

Both appear to be large scale IPO Pricing Valuation Cons !….advised and probably even abetted by Lead Managers….Sad !….Thousands of Retail Allotees in these Scrips have got gyped badly…..methinks we desperately need the Controller of Capital Issues back again…atleast to set a cap on IPO Pricing ! 

Now let me set a Cat among the Pigeons !

….After such a 70% to 82% Erosion in the Share Price from the Ofer Price in just 10 Months do you think Orient Green and Tirupati Inks present an investment oportunity and are worth buying at Rs 14 and under Rs 8 respectively !…the invested IPO Monies in new projects have yet have to bear fruit..Scrips are Down but Not Out…yet ! or are you Once Bitten,Twice Shy !? ….and Orient Green was a huge IPO Issue Size…Rs 900 crs !

Got you thinking !  

Cheers !